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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 523   View pdf image (33K)
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WAREHOUSE RECEIPTS 523

An. Code, 1924, sec. 48. 1912, sec. 48. 1910, ch. 406, sec. 48 (p. 57).

48. Where a person having sold, mortgaged or pledged goods which
are in a warehouse and for which a negotiable receipt, has been issued, or
having sold, mortgaged or pledged the negotiable receipt representing such
goods, continues in possession of the negotiable receipt, the subsequent
negotiation thereof by that person under any sale, or other disposition
thereof to any person receiving the same in good faith, for value and with-
out notice of the previous sale, mortgage or pledge, shall have the same effect
as if the first purchaser of the goods or receipt has expressly authorized the
subsequent negotiation...

This section referred to in construing art. 83, sec. 22—see notes thereto. Stem v.
Crawford, 133 Md. 588.

See art. 83, sec. 43.

An. Code, 1924, sec. 49. 1912, sec. 49. 1910, ch. 406, sec. 49 (p. 57).

49. Where a negotiable receipt has been issued for goods, no seller's
lien or right of stoppage in transitu shall defeat the rights of any purchaser
for value in good faith to whom such receipt has been negotiated, whether
such negotiation be prior or subsequent to the notification to the warehouse-
man who issued such receipt of the seller's claim to a lien or right of stop-
page in transitu. Nor shall the warehouseman be obliged to deliver or jus-
tified in delivering the goods to an unpaid seller, unless the receipt is first
surrendered for cancellation.

See art. 83, sec. 71.

An. Code, 1924, sec. 50. 1912, sec. 50. 1910, ch. 406, sec. 50 (p. 57).

50. A warehouseman, or any officer, agent or servant of a warehouse-
man, who issues or aids in issuing a receipt, knowing that the goods for
which such receipt is issued have not been actually received by such ware-
houseman, or are not under his actual control at the time of issuing such
receipt shall be guilty of a crime, and upon conviction, shall be punished
for each offense by imprisonment not exceeding five years, or by a fine not
exceeding five thousand dollars, or by both.

An. Code, 1924, sec. 51. 1912, sec. 51. 1910, ch. 406, sec. 51 (p. 57).

51. A warehouseman, or any officer, agent or servant of a warehouse-
man, who fraudulently issues or aids in fraudulently issuing a receipt for
goods, knowing that it contains .any false statement, shall be guilty of a
crime, and, upon conviction, shall be punished for each offense by impris-
onment not exceeding one year, or by a fine not exceeding one thousand
dollars, or by both.

See notes to sec. 11.

An. Code, 1924, sec. 52. 1912, sec. 52. 1910, ch. 406, sec. 52 (p; 57).

52. A warehouseman, or any officer, agent or servant of a warehouse-
man, who issues or aids in issuing a duplicate or additional-negotiable
receipt for goods, knowing that a former negotiable receipt for the same
goods or any part of them is outstanding and uncanceled, without plainly
placing upon the face thereof the word "duplicate," except in the case of
a lost or destroyed receipt after proceedings as provided for in section 14,
shall be guilty of a crime, and upon conviction shall be punished for each
offense by imprisonment not exceeding five years, or by a fine not exceeding
five thousand dollars, or by both.


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 523   View pdf image (33K)
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